Here’s a sampling from our back and forth today in the Trading With Cody Chat Room. I will be live in the chat room tomorrow morning at 9am ET for week’s Trading With Cody Live Q&A Chat. I’ll also take questions over the phone on our conference call line (Dial-in: 641-715-0700 Access Code: 709981), in the Trading With Cody chat room or just email us your question to firstname.lastname@example.org.
Q. Seems like the obvious trade to short the markets on tariffs is unwinding for the fundies and PMs. When the bears start to buy into economic strength and tariff resolutions… and the water cooler talk is about how good any random joe is doing day trading — it’ll be time to get worried about a possible pullback.
A. IMHO, this is exactly what we’re seeing right now.
Q. Cody read your trade alert is there any reason not to buy calls or puts on an etf like sqqq for a short position. thanks
A. Why complicate things with things like an SQQQ which is an “UltraPro Short QQQ ETF?” I would stick with betting against the QQQ than betting on the SQQQ if you’re looking to hedge your tech longs.
Q. Great show with Gerald Celente, really enjoyed it. When you say you don’t trust ETFs and you’d rather buy real gold, where do you recommend doing such a thing? Calling up William Devane from the teevee? Also as a side idea, maybe ask certain guests a 2-3 “bonus questions” they can answer just for TWC subs. For instance, it would be interesting to know what crypto Gerald owns. Just a thought to create some more value for the brethren…(and another selling point for TWC, of course)
A. Thank you for the kind words, also for the “bonus questions” idea. I’d have to figure out logistics for it. I’d suggest reading this before buying any gold or silver anyway, and it will answer your question about how best to buy gold and silver. https://tradingwithcody.com/ebooks/everything-you-need-to-know-about-investing-in-gold-and-silver/
Q. May not qualify exactly as a “Black Swan,” but remember that between now and the dates of the puts Cody’s been interested in lately is a thing called “mid-year elections” and “control of the House or Senate.” Anyone wanna guess what (either) result in that area would do for markets — and do we think it any major moves will be baked in by then?
A. Don’t know how or why you’d want to try to game the push-me/pull-me handoffs from Republican Democrat Regime to Democrat Republican Regime and vice versa. That said, elections can bring out emotions and emotions can turn stocks, so maybe?